A PoWer AuDit of eu-North AfricA relAtioNs Nick Witney and Anthony Dworkin
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Today it is Moscow that sets the pace for EU-Russia relations. The soaring prices of gas and oil have made energy-rich Russia more powerful, less cooperative and more intransigent. Oil money has boosted the state budget and has dramatically decreased the Russian state’s dependence on foreign funding. Russia’s hard currency reserves are the third largest in the world today; the country is running a huge current account surplus and paying off the last of the debts accumulated in the early 1990s. While in the 1990s everybody was talking about Russian dependence on Western credits, now everyone talks about Western dependence...
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A PoWer AuDit of eu-North AfricA relAtioNs Nick Witney and Anthony Dworkin
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A PoWer AuDit of eu-North AfricA relAtioNs Nick Witney and Anthony Dworkin
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